The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-03
CONDITION OF THE MARKETS
Corn Fluctuates So Rapidly that Gpe-
rators Become Little Discouraged.
Wheat Opens Barely Steady. but Soon Devel-
ops Strength in Sympathy with Corn
Unusually Heavy Trading in Provisions.
MONEY, BONDS AND STOCKS.

The DuIiest Day of the Week. Though the
Market Shows Unmistakabie Strength.
NEW YORK, Dec. Mooney call was
easy a. to 81 per cent. the last loan being
made st 4, closing offered at 3 per cent
Prime mercantile paper, 6084 per cent
Sterling exchange was dull, but steady at
E4.sls for sixty days and 81. s43 for demand.
The total sales OF stocks to-day were 273, 1888
shares. including the following: Delaware, Lack
awanna & Western, "a, $50; Erie, 1850; Lake
Shore $3.50; louisville e. Nashville. 6,575; Mis-
sonri Pacific. 1850; Northwestern. 10.96O,
Northern Pacific preferred 1900; Oregon, Trans
sentimental, 81 $50; Pacific Mail. 1855: Reading,
ts.72C; st. Paul. SO. 400; Union Pacific, %, $50;
Western Union, 9. 100.
Tiss stock market to-day was duler than
sEey day SO far .hls week, but the very
S&eng throug-ous with decided strength II q
lew stocks London was again a buyer. and the
sques purchased freely foreign advices,
while the professionals offered the onlv resist
snce TO the advance, though some "ouils" were
moderate sellers, especially in the forenoon.
The shear" attacks were successfully met and
she "short" interest, which is very large in
Western Union, Union Pacific. Lake Shore, St.
Psnl and Missouri Pacific, was not reduced to
any apprecahle extent. ST. Paul was the pivotal
stock. and the trading in it was very large
While It was notably strong throughout. Union
Pacific next in point of interest. and on it's
good showing made the largest advance of the
day. Missouri Pacific attracted q great deal of
attention, aud It strong until the last
few minutes. when the gains were lost. The
usual dividend was announced for the 18th. The
general list dull. and, for most of the day,
without special feature, though the tone WAS
firm throughout The only weak spot
Wheeling & Lake Erie, which reached its low
price for the week, owing to a rumor that
the company about to issue additional
stock; bu: this Is denied by Mr. Dillon. who
says that the present stock will be made pre-
fsred and placed on a dividend basis The bank
statement for tomorrow was looked forward
TO with great interest, large increase IN the
reserve is expected. on account OF the large dis
In the statement The opening was
strong at advances over last evenings
6nai figures of from to ! per cent
generally, while Kansas & Texas and Jer
cey Central were exceptionally strong, the latter
being up /. Further gains were made through
out the list. Union Pacific being the most no.
ticeable. Lackawanna also attracted some
attention, but after II o'clock extreme dizziness
marked the dealings and prices stagnated until
the last hour, when realizations sagged the list
off small fractions, though the close was steady
to firm slightly under the best prices of the
day. Almost every thing is higher tonight. but
The advances are for fractional amounts only.
except Union Pacific which rose II; Louisville
s. Nashville. Norfolk 6 Western preferred,
and ST. Pau, l per cent. each.
Railroad bonds dull but firm. Sales,
1864, 600. Closing figures generally show small
advances.
Government bonds dull and steady.
State bonds dull and steady. Closing
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